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Dogecoin Attempts Recovery Wave Above $0.0585 Resistance Against US Dollar

Dogecoin is making an effort to recover and surpass the $0.0585 resistance against the US Dollar, with the potential for a rally if it clears the $0.065 resistance zone. However, DOGE is currently struggling to overcome the $0.0628 resistance and is trading below the $0.065 zone and the 100 simple moving average (4 hours).

A major bearish trend line is forming with resistance near $0.0635 on the 4-hours chart of the DOGE/USD pair. If DOGE manages to clear the $0.065 resistance zone, it could start a fresh rally, but if it fails to gain pace above the $0.0635 level, it could continue to move down.

Dogecoin Dogecoin $0.40
+3.57%
Dogecoin Recovery Rally
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